Venezuela is an extremely important factor for the social and economic development of the region and Brazil will insist upon Paraguay on the need for the approval of Venezuela’s incorporation as full member of Mercosur, stressed Senator Romero Juca from the Brazilian ruling coalition.
Brazil’s government may take additional steps to limit gains in the local currency Real should advanced economies favor policies that keep their currencies weak, Finance Minister Guido Mantega said.
A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.
Brazil’s next government will need to be “very serious” about keeping inflation within its target range so real interest rates can continue to fall, Central Bank President Henrique Meirelles said.
Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”
Work in Japan and Australia has revealed that a deep-ocean current is carrying frigid water rapidly northward from Antarctica along the edge of a giant underwater plateau.
Leaders from the Union of South American Nations, UNASUR are scheduled to meet May 3 and 4 in Buenos Aires with President Cristina Fernández de Kirchner acting as host and Ecuador’s Rafael Correa as temporary chairman.
The former Panamanian leader, Manuel Noriega, has been extradited to France by the United States after spending more than 20 years in a prison there.